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Property profile & analytics
OFF-MARKET Estimated value $2,900,000
Warehouses

5585 Commercial SE St Salem, OR 97306-1117

9,480 SF 2.21 ac lot Built 1990
Entity Owned 36-yr Hold Absentee Owner Free & Clear
Property ID
US71-0764396
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1990
Total area 9,480 SF
Lot 2.21 ac (96,268 SF)
Zoning code IC
APN 083W14CB00200
UPID US71-0764396
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • South Salem Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.93M
Blend (final) Blend
$2.90M
Owner & transaction history
Uptown Partnership · 36 yrs held
Uptown Partnership
since 1990
3 recorded transactions
1990
$150,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding qualification (1)…

Zone name Industrial Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
Top alternative use upside
Restaurant $4.2M +126.7%
Auto repair, garage $3.4M +83.6%
Medical building $3.2M +73.8%
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